The South Indian Bank Limited has informed the Exchange regarding a press release dated July 17, 2025, titled "South Indian Bank posts a robust Net Profit of Rs. 321.95 Crore in Q1 FY 2025-26, Sets history by achieving the Highest ever business of Rs. 2,02,119 Crore".
SOUTHBANK · price
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Awaiting price reaction for this filing.
South Indian Bank reported a net profit of Rs. 321.95 crore in Q1 FY 2025-26, up 9.46% from Rs. 294.13 crore a year ago. The bank touched its highest-ever total business of Rs. 2,02,119 crore and posted a 32.41% jump in operating profit to Rs. 672.20 crore. Asset quality improved sharply, with gross NPA falling from 4.50% to 3.15% and net NPA dropping to 0.68% from 1.44% YoY. Retail deposits grew 9.65% and gross advances rose 8% YoY, with housing loans surging 66% and the personal segment growing 26%. Net interest income, however, dipped 3.83% to Rs. 833 crore, though other income jumped 47.47% to Rs. 622 crore.
Strong operating profit growth, record-high business, and significant improvement in asset quality are positive signals for shareholders, likely to support sentiment. The decline in net interest income and a sharp 112% jump in provisions are minor watchpoints even as the overall quarterly performance appears robust.